The undeniable truth.

Three days ago I stated that Duff & Phelps that would publish a report after the Wednesday deadline and it that would clearly spell the end for Rangers.

They have.

http://www.rangers.co.uk/staticFiles/fe/a8/0,,5~174334,00.pdf

These figures mean one thing: liquidation.

No doubt the succulent lamb chaps will try and put a positive spin on these figures.

Rangers’ administrators have revealed the club owes at least £55m to 276 creditors.

Duff & Phelps say that Rangers have been running at a “substantial cash shortfall” since going into administration on February 14.

In the period 14th February to 30th March 2012, Rangers had a £2.5m trading shortfall.

That means they spent £2.5m more than they brought in.

The reality is that this company is finished.

Only a sugar daddy of Abramovich proportions willing to fund the club as a toy can save the day now.

http://www.philmacgiollabhain.ie/situation-vacant-stupid-billionaire-required/

So far no one has applied for that job.

Unless someone does then Rangers (est. 1873) and all their “illustrious” history will soon be dead.

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